Skip Links

DNSstuff.com
Get information about your IP
IP Information
50+ On-demand DNS and network tools

Data Center

Videos

rssRss Feed
Get instant email notification when white papers, webcasts, executive guides are added to our library.  Stay informed and up-to-date with the latest on IT Technologies with Network World's Resource Alerts.
Audio

Don't get 'Green Scammed'. Listen now!

Network World's Newsmaker of the Week

Cisco opens ISR routers to developers; SaaS providers cut costs with open source. Listen now!

Network World 360

Additional Resources

RSS

FEATURED WHITEPAPERS

Enterprise Linux: How Oracle Support Differentiates Itself in a Commodity Market Oracle

Linux has proven itself to be a versatile solution across a variety of hardware architectures to support workloads ranging from basic infrastructure services to enterprise-class database deployments. Today, Linux is commonly found operating in some capacity within most larger organizations, and over time, it has captured many of the same workloads that previously were deployed aboard RISC platforms running Unix operating systems. Read IDC's report on how Oracle support differentiates itself in a commodity market.

RSS

FEATURED REPORTS

Executive Guide: Storage Heats Up HP

Get the latest on storage technologies that allow IT professionals to better cope with new IT demands. Learn how storage technologies can help you successfully tackle e-Discover, regulatory compliance, green data center initiatives and the data explosion. Get all the details now.

RSS

FEATURED WEBCASTS

Reduce the Complexity and Cost of Windows Server Consolidation in Six Modules Novell

Watch this webcast to learn in six modules how to more cost effectively consolidate your Windows servers with virtualization. This unique program allows you to pick and choose which of the six modules you would like to view or watch the entire webcast at once. Topics covered: Performance, Use Cases, Enterprise-level Support, Managing Windows Workloads, Setup and Configuration and The Future. Find out how you can simplify server consolidation within your organization today. Register below to learn more and be entered to win an Archos 605 Portable Media Player.

IT Buyer's Guides

View All Buyer's Guides

Free Newsletters

Sign up and receive the latest news, reviews and trends on your favorite technology topics

Save The Date!
What They Are Saying

If Microsoft does nothing to fix the problem in a timely manner, that is wrong and makes for poor business...- Anonymous

Join the Discussion

Partner Content

Explore the Ultrium Edge

The powerful tape technology can address data security with tape encryption as well as long term data protection.

Find out more

Disk and Tape Square Off

Discover what disk and tape really cost -- and which solution provides lower total cost of ownership and optimizes energy use for your organization

Download the White Paper

Don't Fall For The Myths

The Clipper Group explores the truth behind the myths of tape, digging into the misconceptions in the disk vs. tape debate.

Download the White Paper

Will You Add Tape Too?

Over two thirds of disk-only users look to add tape back into storage infrastructure according to recent survey.

Download Survey Information

Wall Street Beat: Strong earnings cheer IT investors

By Marc Ferranti , IDG News Service , 04/24/2008
  • Social Web 
  • Email 
  • Feedback 
  • Close

Though Microsoft results were mixed, quarterly financial reports over the past few days from a broad range of vendors including Apple, Yahoo, and Sybase are helping to ease concerns of IT investors.

Since the third quarter last year, rising energy costs and tumult in the housing and credit markets have raised concerns that an economic slowdown in the U.S. would lead to lower tech-vendor sales and profits. However, while some IT bellwethers such as Motorola have been hit by a slowdown, so far earnings news this year has been generally positive.

Microsoft on Thursday reported an 11 percent decline in profit, to US$4.4 billion, from last year's first calendar quarter. However, observers were quick to note that last year's first quarter benefited from deferred income from Vista sales. The company had upbeat news for 2009 fiscal year earnings per share (EPS), which it forecast at $2.13 to $2.19, estimating 2009 revenue to be $66.9 billion to $68 billion. Both profit and revenue expectations beat analyst forecasts. Analysts polled by Thomson Financial had been forecasting 2009 EPS of $2.10 on revenue of $66.5 billion.

Microsoft shares slipped by $1.64 after the market closed, trading at $30.26 an hour after it released its results.

Apple on Wednesday reported strong earnings for the second quarter of 2008, as a 54 percent jump in Macintosh revenue made up for slowing sales of iPods. The company's net revenue rose 43 percent from the year earlier period, to $7.51 billion, handily beating the $6.96 billion forecast of analysts polled by Thomson Financial. Net profit increased to $1.05 billion, from $770 million.

The one sour note in the announcement was the company expectation for the current quarter, a full $0.10 below what analysts were expecting. Normally, this would have sent Apple's share price down. But Chief Financial Officer Peter Oppenheimer's prediction that Apple would meet its goal of selling 10 million iPods this year helped keep investor spirits up, and company shares rose by $6.05 to close at $168.94 Thursday.

1 | 2 | 3 |  Next >
Comment
Login
Forgot your account info?
Add comment
Anonymous comments subject to moderator approval. Register here for member benefits.
Have a NetworkWorld account? Log in here. Register now for a free account.
First Name
Last Name
E-mail
Zip Code